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Oct 14, 2012
10/12
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CSPAN
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we pass these to deal with the fiscal cliff situation. harry reid will not bring it up for a vote much less debate them. you are right. the president has been very clear that is not going to happen. if we get to a lame duck session and we have a republican congress and senate and republican in the white house, i think we would get better policy. let's wait. in tennessee in the early in 2007 when he had an affair with i was just over in the capitol building. he was presiding over the session. do you have any remarks about his conduct and whether you think he should be presiding over the chamber? >> that is a personal situation. that is something they will have to handle. >> do you think he should >> i just think anyone has called for that. it is something you have to take up with his family. they will make a decision on election day like the >> moving on to the next congress, and this past congress we have seen repeated instances where speaker bayer was able to pass a bill in the house of getting to the credit votes from his right wing. th
we pass these to deal with the fiscal cliff situation. harry reid will not bring it up for a vote much less debate them. you are right. the president has been very clear that is not going to happen. if we get to a lame duck session and we have a republican congress and senate and republican in the white house, i think we would get better policy. let's wait. in tennessee in the early in 2007 when he had an affair with i was just over in the capitol building. he was presiding over the session. do...
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160
Dec 31, 2012
12/12
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CSPAN
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people hours before we plunge off the fiscal cliff. with no plan and no apparent hope. but here we are, and we have got to do something. if we are determined to go over the cliff, as we seem, we have to do something to stop and the landing. at the bottom of the fiscal cliff are immediate and massive tax increases, deep and indiscriminate spending cuts, and a risk of another recession. if we come down on the final hours -- we have to bang choices -- to do nothing and cause an unbelievable amount of hardship for our fellow americans, or to do something to reduce the suffering inflicted on our citizens by an inflexible political system. mr. president, i choose to do something. today i am introducing the act -- the cliff alleviation at the last minute act. the act would do three important things. it will soften the financial blow the fiscal cliff, it will colmar financial markets, it gives us the certainty of a plan. it allows us, if we ever find the courage, to pursue the fiscal grand bargain that has eluded us so far. the financial marke
people hours before we plunge off the fiscal cliff. with no plan and no apparent hope. but here we are, and we have got to do something. if we are determined to go over the cliff, as we seem, we have to do something to stop and the landing. at the bottom of the fiscal cliff are immediate and massive tax increases, deep and indiscriminate spending cuts, and a risk of another recession. if we come down on the final hours -- we have to bang choices -- to do nothing and cause an unbelievable amount...
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Dec 31, 2012
12/12
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CSPAN
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eye 126
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people hours before we plunge off the fiscal cliff. with no plan and no apparent hope. but here we are ande have got to do something. if we're as determined to go over the cliff as we seem, we've got to do something to soften theanding because at the bottom of the fiscal cliff, our our -- are immediate and massive tax increases, deep and indiscriminate spending cuts and the risk of another recession. so as we come down on the final hours, we have two choices -- to do nothing and cause an unbelievable amount of hardship for our fellow americans or to do something to reduce the suffering inflicted on our citizens by an inflexible political system. mr. president, i choose to do mething, so today i'm introducing the calm act which stands for the cliff alleviation at the last minute act. the calm act will do three important things. it will soften the financial blow of the fiscal cliff. it will calm our financial markets. it gives us the certainty of a plan now but allows us if we ever find the courage to pursue the fiscal grand barga that h
people hours before we plunge off the fiscal cliff. with no plan and no apparent hope. but here we are ande have got to do something. if we're as determined to go over the cliff as we seem, we've got to do something to soften theanding because at the bottom of the fiscal cliff, our our -- are immediate and massive tax increases, deep and indiscriminate spending cuts and the risk of another recession. so as we come down on the final hours, we have two choices -- to do nothing and cause an...
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74
Dec 27, 2012
12/12
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FBC
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eye 74
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gerri: it is official coming house will be back to deal with the fiscal cliff monday afternoon. harry reid asked the politicians to blame john boehner for everything. joining me now, chairman and cofounder. great to have you back. i mean, come on, harry reid was crazy today. >> american people i don't think understand the house of representatives is operating without the house of representatives. it iit's being operated with a dictatorship of the speaker. gerri: how do you respond to that? john boehner quinones says to make everything not happen? >> harry reid is i like the crazy uncle everybody ignores at holiday gatherings. he is just talking the talk. we haven't passed a federal budget in three years. the senate hasn't done anything. he is doing a pretty good job giving the public opinion polls. gerri: john boehner shot back saying senator reid should talk less and regulate more. how is anything going to get done when everybody is just calling each other names, a sickly? >> the idea is they will get beyond calling each other names and stop the campaign and get down to busines
gerri: it is official coming house will be back to deal with the fiscal cliff monday afternoon. harry reid asked the politicians to blame john boehner for everything. joining me now, chairman and cofounder. great to have you back. i mean, come on, harry reid was crazy today. >> american people i don't think understand the house of representatives is operating without the house of representatives. it iit's being operated with a dictatorship of the speaker. gerri: how do you respond to...
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Dec 28, 2012
12/12
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FOXNEWSW
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eye 187
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what john boehner is doing by letting us go off the fiscal cliff is raising every american's income taxes in about a week by not negotiating with the white house. he -- he's in a awkward position, he can't even get his own party to back his own republican proposals, so what we're seeing is congressmen and congress women are on vacation, senate is in session, the white house is there. everybody's working except congress. >> you know and i know congress is coming back sunday. michelle, talk about this. mark says it's not a revenue problem. it is a revenue problem, it's not a spending problem. what do you see? >> z we're not on the verge of fiscal cliff, we have already gone over the of fiscal cliff. look at our problem with spending, how bloated our government is. we're $16 trillion in debt. something needs to be done. this year we're going to spend $165 billion more than we receive in social security. $3 we're going to spend for every 65 we receive in social security in medicare. this is absolutely -- we need to stop. this is not fair to young people. it's not fair for future generations t
what john boehner is doing by letting us go off the fiscal cliff is raising every american's income taxes in about a week by not negotiating with the white house. he -- he's in a awkward position, he can't even get his own party to back his own republican proposals, so what we're seeing is congressmen and congress women are on vacation, senate is in session, the white house is there. everybody's working except congress. >> you know and i know congress is coming back sunday. michelle, talk...
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Dec 4, 2012
12/12
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CNNW
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we'll have newt gingrich and talk about fiscal cliff. >>> next tonight, a man who is a real american hero and has the medal of honor to prove it. questions? anyone have occasional constipation, diarrhea, gas, bloating? yeah. one phillips' colon health probiotic cap each day helps defend against these digestive issues with three strains of good bacteria. approved! [ female announcer ] live the regular life. phillips'. wanted to provide better employee benefits while balancing the company's bottom line, their very first word was... [ to the tune of "lullaby and good night" ] ♪ af-lac ♪ aflac [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. [ yawning sound ] [ male announcer ] ...forbusiness.com. of washington about the future of medicare and social security. anncr: but you deserve straight talk about the options on the... table and what they mean for you and your family. ancr: aarp is cutting through all the political spin. because for our 37 million members, only one word counts. get the facts at earnedasay.org. let's keep medicare... a
we'll have newt gingrich and talk about fiscal cliff. >>> next tonight, a man who is a real american hero and has the medal of honor to prove it. questions? anyone have occasional constipation, diarrhea, gas, bloating? yeah. one phillips' colon health probiotic cap each day helps defend against these digestive issues with three strains of good bacteria. approved! [ female announcer ] live the regular life. phillips'. wanted to provide better employee benefits while balancing the...
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170
Dec 28, 2012
12/12
by
WUSA
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eye 170
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they're waiting to see what happens with the fiscal cliff. >> hope is fact if congress can get it done before january 1st. even congressional leaders are skeptical. >> the american people have a right to be very upset with this congress. >> president obama has invited nancy pelosi, john boehner, mitch mcconnell, and harry reid to the white house this afternoon for a fiscal cliff summit. >> here we are five days from the new year, and we might finally start talking. >> today's white house meeting might be the last chance to come to an agreement. that's because it takes time for a bill to work its way through both chamber of commerce. >> i don't know time wise how it can happen now. >> under senate rules, the only way a bill could make its way through the procedural hurdles in time is if every senator agrees not to. they'll have 24 hours. outside the beltway, carlino will be watching. >> everyone is kind of in a wait-and-see and fingers-crossed per expect tichb right now. >> since 1930 this is only the fifth time congress has worked after christmas. and today's summit is the first time p
they're waiting to see what happens with the fiscal cliff. >> hope is fact if congress can get it done before january 1st. even congressional leaders are skeptical. >> the american people have a right to be very upset with this congress. >> president obama has invited nancy pelosi, john boehner, mitch mcconnell, and harry reid to the white house this afternoon for a fiscal cliff summit. >> here we are five days from the new year, and we might finally start talking....
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Dec 6, 2012
12/12
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MSNBCW
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eye 139
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here's the democratic and republican opening bids on the fiscal cliff. but the revenue side of the republican proposal just doesn't match up with reality. you can't get $800 billion in revenue from lowering rates and closing loopholes and deductions. can we get on that page? it doesn't come close to adding up, unless you get rid of just about every deduction for the middle class that's out there. is that what this election was about? president obama has been clear about it all along. >> unfortunately, the speaker's proposal right now is still out of balance. you know, he talks, for example, about $800 billion worth of revenues, but he says he's going to do that by lowering rates. and when you look at the math, it doesn't work. >> you see, if we lower these rates, then the job creators will go out there end and all this money to hire a bunch of people, and that's going to contribute more to the tax base. and gosh, we're just going to take care of all of our problems. we have tried this stuff, and it didn't work. when leaders mcconnell and boehner feed the
here's the democratic and republican opening bids on the fiscal cliff. but the revenue side of the republican proposal just doesn't match up with reality. you can't get $800 billion in revenue from lowering rates and closing loopholes and deductions. can we get on that page? it doesn't come close to adding up, unless you get rid of just about every deduction for the middle class that's out there. is that what this election was about? president obama has been clear about it all along. >>...
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Dec 29, 2012
12/12
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MSNBCW
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eye 131
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. >> this whole metaphor we've been using about a fiscal cliff probably isn't the right one to be used. after all, if you go over a cliff, you usually don't get to live to tell about it unless you're batman or spider-man, but there are things that actually would happen right away and one of those things that would be right away in a negative impact would be unemployment benefits and 2 million americans would see the unemployment benefits and that would hurt the economy and that would hurt these people that are relying on this and the unemployment insurance has been seen as economic stimulus to get hands into the money of people who need it and they were things that actually get spread over the course of 2013 if there is no fix that is actually done and it is possible for congress to go back and fix things and talking about the increase of tax rates and there will also be spending cuts to government programs as well as the military and that will be spread over with 2013 and the world doesn't come to an end if we go over this quote, unquote, fiscal cliff and instead, a lot of the damage
. >> this whole metaphor we've been using about a fiscal cliff probably isn't the right one to be used. after all, if you go over a cliff, you usually don't get to live to tell about it unless you're batman or spider-man, but there are things that actually would happen right away and one of those things that would be right away in a negative impact would be unemployment benefits and 2 million americans would see the unemployment benefits and that would hurt the economy and that would hurt...
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Dec 19, 2012
12/12
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CNBC
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and the fallout from the violence in connecticut impacting the fiscal cliff negotiations here in washington. house speaker, john boehner, talking about a different kind of stress. >> i would agree to that, this is a difficult time for americans that is why we continue to have conversations with the white house. i continue to have home that we can reach an agreement. it is not a time to put americans through more stress. and we learned thad that president obama called west virginia congressman joe mansion. and the white house confirming today president obama says he will support senator feinstien's plans to ban assault weapons when congress reconvenes next year. >> there are reports tonight that the connecticut shooter may have snapped because of the fear of being committed to a psychiatric facility. what do we know? joining us on the phone former senior fbi profiler, mary ellen o'toole. to both of you thank you for helping on a difficult subject. what do you make of this story that the mother was going to send him to psychiatric institute and he got angry and that was one motive for his sho
and the fallout from the violence in connecticut impacting the fiscal cliff negotiations here in washington. house speaker, john boehner, talking about a different kind of stress. >> i would agree to that, this is a difficult time for americans that is why we continue to have conversations with the white house. i continue to have home that we can reach an agreement. it is not a time to put americans through more stress. and we learned thad that president obama called west virginia...
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129
Dec 20, 2012
12/12
by
FBC
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eye 129
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have cut back on personal spending over concerns of the fiscal cliff. bank rate found that consumers with incomes under $30,000 a year and those over age 65, well they were the most likely to have cut back spending. many people are also feeling less financially secure than they did a few months ago. that is the very latest from the fox business network, giving you the power to prosper. liz: here we go. rim which has been halted is now trading. not a huge jump here. scott said we might see 17. who knows. we're not there yet, absolutely not. this on the back after better than expected number. it wasn't earnings, it was results. they did have a loss. the loss was 20 cents a share. that was much better than the expectation of a loss of 35 cents a share. revenue beat by just a tad coming in at 2.7 billion. the expectation at 2.66 billion. the blackberry 10, they announced right there on the headlines they will come out with this thing january 0th. they're not pushing it back yet again. rim trending higher in the after-market session. >>> now let's get to sha
have cut back on personal spending over concerns of the fiscal cliff. bank rate found that consumers with incomes under $30,000 a year and those over age 65, well they were the most likely to have cut back spending. many people are also feeling less financially secure than they did a few months ago. that is the very latest from the fox business network, giving you the power to prosper. liz: here we go. rim which has been halted is now trading. not a huge jump here. scott said we might see 17....
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Dec 27, 2012
12/12
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MSNBCW
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eye 163
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reid, predicting the country will go over the fiscal cliff and blames it on house speaker john boehner. >> the american people i don't think understand the house of representatives is operating without the house of representatives. it's being operated with a dictatorship of the speaker. john boehner seems to care more about keeping his speakership than about keeping the nation on firm financial footing. >> boehner's office's response? we've done our part. it's the senate democrats fall. but will the speaker call his members back before time runs out? >> at the last moment is the way these things normally happen. i think that can happen again. it just depends on putting egos aside a little bit and putting the best interests of the american people first. >> plus, keeping our kids safe, is arming educators the symptom or adding to the problem. >>> and can anyone beat sko brown? >>> good day. we're live in washington this afternoon. the lines of communication between the president, leaders of congress are open. whether those lines are used repeatedly over the next few days to reach a fisca
reid, predicting the country will go over the fiscal cliff and blames it on house speaker john boehner. >> the american people i don't think understand the house of representatives is operating without the house of representatives. it's being operated with a dictatorship of the speaker. john boehner seems to care more about keeping his speakership than about keeping the nation on firm financial footing. >> boehner's office's response? we've done our part. it's the senate democrats...
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146
Nov 29, 2012
11/12
by
FBC
tv
eye 146
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the american people want us to avoid the fiscal cliff with a balanced approach. liz: he said, he said. good afternoon, everybody. i am liz claman, "countdown to the closing bell" starts right now. you heard it from the horses mouth. and it has gyrated the market. john boehner said no substantial progress on fiscal cliff debt deal while harry reid insists we democrats are on track and will finalize it this year. even chuck schumer weighed in saying progress is being made on the hill and the next is a taste oversensitive. take a look at the intraday, you can see how it was jerked around today. right around 11:30 a.m., speaker john maye -- john boehner spoke. the buyers poured in, the short time later chuck schumer came in. now we are trading near the highs of the day. the dow jones dust they stop 77 points, 45 to the upside. all 10 s. and p. sectors are jumping with technologies leading the way. research in motion a big winner. can you believe the stock is near $12 per share. rim was at $6 per share, but positive comments out of goldman sachs fueling the game. appl
the american people want us to avoid the fiscal cliff with a balanced approach. liz: he said, he said. good afternoon, everybody. i am liz claman, "countdown to the closing bell" starts right now. you heard it from the horses mouth. and it has gyrated the market. john boehner said no substantial progress on fiscal cliff debt deal while harry reid insists we democrats are on track and will finalize it this year. even chuck schumer weighed in saying progress is being made on the hill...
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Dec 24, 2012
12/12
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MSNBCW
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there are still struggling americans, millions looking for work and what's the fiscal cliff mean for them? >> reporter: okay. we have unemployment at 7.7% last month and mainly went down because people gave up looking for work and jdropped out of th job market and out of work six months or longer. 4.8 million americans, they're the folks worried the most about unemployment benefits not extended after the first of the year. >> as we look at that number, that's staggering for so many. we have a "the washington post" poll that indicates 74% of americans support raising taxes on the top earners in this country. with that support there, the presidential mandate of re-election and the fact he ran on raising taxes if he was given a second term, why is there such this stalemate and trepidation in washington, d.c. to get a deal done? >> reporter: how many hours do we have? let me try it this way. there's a group of hard core tea party republicans but democrats say we won because as your poll shows most americans support the president's position on higher taxes on top earners and seemingly at
there are still struggling americans, millions looking for work and what's the fiscal cliff mean for them? >> reporter: okay. we have unemployment at 7.7% last month and mainly went down because people gave up looking for work and jdropped out of th job market and out of work six months or longer. 4.8 million americans, they're the folks worried the most about unemployment benefits not extended after the first of the year. >> as we look at that number, that's staggering for so many....
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Dec 4, 2012
12/12
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CNNW
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eye 190
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we'll have newt gingrich and talk about fiscal cliff. >>> next tonight, a man who is a real american hero and has the medal of honor to prove it. [ male announcer ] when this hotel added aflac to provide a better benefits package... oahhh! [ male announcer ] it made a big splash with the employees. [ duck yelling ] [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. ♪ ha ha! bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. but i'm still stubbed up
we'll have newt gingrich and talk about fiscal cliff. >>> next tonight, a man who is a real american hero and has the medal of honor to prove it. [ male announcer ] when this hotel added aflac to provide a better benefits package... oahhh! [ male announcer ] it made a big splash with the employees. [ duck yelling ] [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. ♪ ha ha! bp has paid overthe people of bp twenty-threeitment to the gulf....
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Dec 30, 2012
12/12
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CNNW
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eye 201
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, the fiscal cliff. we reach that cliff you can the brink in just two days. about two hours ago, negotiators hit two major snags, one over social security and the other over tax hikes, who should get them. bring in contributor nor "newsweek" and the daily beast and cnn contributor, john avlon, for his opinion on what is happening in washington. how significant is it that we are a half a day or day and a half, i guess, away from this cliff and there's no agreement? >> it's hugely significant. the countdown is on. the clock is ticking, literally, to the fiscal cliff. and as others have noted today, we have known about this cliff for 500 days. this is the world's most anticipatable political and economic problem. congress set this time bomb, now they are scrambling to defuse it before it goes off and threatens to take our economic recovery as a country and kick us back into recession. the fact this is happening in last-minute negotiations and great knew as dana bash reported that joe biden and mitch mcconne
, the fiscal cliff. we reach that cliff you can the brink in just two days. about two hours ago, negotiators hit two major snags, one over social security and the other over tax hikes, who should get them. bring in contributor nor "newsweek" and the daily beast and cnn contributor, john avlon, for his opinion on what is happening in washington. how significant is it that we are a half a day or day and a half, i guess, away from this cliff and there's no agreement? >> it's hugely...
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Dec 4, 2012
12/12
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CNNW
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eye 108
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so if there is a fiscal cliff and we go over it, the american public are likely to blame the republicans. >> well, that's absolutely true, piers. we've had an election and the clearest debate and the clearest difference in that election was over the question of whether the rich should pay more and tax rates should go up on the rich. everybody who paid any attention at all knows that the top 2% are now taking home a larger share of total income and wealth in this country than they have in over 80 years and are paying the lowest effective tax rate they paid in over a half a century. we also have a looming budget deficit. so you don't have to really be a rocket scientist to understand that the rich do have to pay more. taxes do have to be raised on the rich and i think that's why over 60% of the public in these polls are not only supportive of a tax increase on the rich, but also will blame the republicans if we go over the fiscal cliff. and this gives frankly, this gives the white house and this gives the obama administration much more bargaining leverage. >> grover norquist, here's the pr
so if there is a fiscal cliff and we go over it, the american public are likely to blame the republicans. >> well, that's absolutely true, piers. we've had an election and the clearest debate and the clearest difference in that election was over the question of whether the rich should pay more and tax rates should go up on the rich. everybody who paid any attention at all knows that the top 2% are now taking home a larger share of total income and wealth in this country than they have in...
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Nov 3, 2012
11/12
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MSNBC
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eye 329
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republicans see their leverage coming two months after the fiscal cliff we have another debt ceiling coming up. i think a lot of folks in politics are skeptical that if the republicans lose an election, the american people are open to them triggering a debt ceiling. >> i don't think there's going to be a romney presidency but if we had one, i would love to see the first meeting between him and harry reid and he says okay, let me see your tax returns. >> exactly. i would love to see that meeting, too. and you know, i would also like to see some subsequent meetings between mitt romney and even the republican controlled house, which, as you know, has its factions that john boehner tries to keep together. but essentially is he going to be able to deal effectively with the tea party types. >> thank you both for joining me tonight. >> >> coming up, ana marie cox. and the biggest lie mitt romney has told about president obama has now been exposed by mitt romney's former best friend chris christie and that is in the rewrite. >>> it took the tragedy of one deadly hurricane to convince one rep
republicans see their leverage coming two months after the fiscal cliff we have another debt ceiling coming up. i think a lot of folks in politics are skeptical that if the republicans lose an election, the american people are open to them triggering a debt ceiling. >> i don't think there's going to be a romney presidency but if we had one, i would love to see the first meeting between him and harry reid and he says okay, let me see your tax returns. >> exactly. i would love to see...
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Dec 18, 2012
12/12
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WUSA
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eye 114
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in case he does not reach a fiscal cliff deal with the president. >> our plan b. would protect american taxpayers who make $1 million or less. >> reporter: still looking for a way to avoid the cliff's automatic tax hikes and sweeping spending cuts, the white house quickly rejected boehner's proposal. >> he would lose hundreds of billions of dollars of revenue. relative to the decoupling the president proposed and most of that money or a significant portion of that money if not most would go to millionaires. >> reporter: despite all the talk of a backup plan, the day began here inside the capitol with real optimism that a fiscal cliff compromise with the white house is getting closer. both sides are making concessions. the president initially insisted on letting tax cuts expire for households making $250,000 or more. but his new proposal raises that threshold to $400,000. >> if the president has demonstrated obvious willingness to compromise. >> when you're getting closer. you are certainly not -- maybe you're at the 20-yard line. but you haven't scored. >> reporte
in case he does not reach a fiscal cliff deal with the president. >> our plan b. would protect american taxpayers who make $1 million or less. >> reporter: still looking for a way to avoid the cliff's automatic tax hikes and sweeping spending cuts, the white house quickly rejected boehner's proposal. >> he would lose hundreds of billions of dollars of revenue. relative to the decoupling the president proposed and most of that money or a significant portion of that money if not...
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99
Dec 5, 2012
12/12
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CURRENT
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eye 99
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when we were pushed to fiscal cliff it was because john boehner promised something to the president and could not get members of his caucus do the right thing for the american people. >> i don't think we should be putting more gas on the karl what you're saying when your enemy is committing suicide, don't step in and interrupt? >> jennifer: break out the popcorn and sit back and watch the fight. a right on right fight. >> they're the ones who are responsible. don't blame us. >> what you risk about allowing them to fight with each other is going over the fiscal cliff and plunging us into another recession. when i say put gas on the fire, we cannot sit here and wait for them to self-destruct. it does not get the job done in washington. what gets the job in washington is standing up loud and proud and look at what they're doing to us. if we don't do that, we will squander another opportunity to show the american people that democrats are doing what is right for the working class in this country, and republicans are standing in the way to protect the tax cuts-- >> and that's the democrat's
when we were pushed to fiscal cliff it was because john boehner promised something to the president and could not get members of his caucus do the right thing for the american people. >> i don't think we should be putting more gas on the karl what you're saying when your enemy is committing suicide, don't step in and interrupt? >> jennifer: break out the popcorn and sit back and watch the fight. a right on right fight. >> they're the ones who are responsible. don't blame us....
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658
Dec 30, 2012
12/12
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CNNW
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eye 658
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trusted everywhere. >>> as americans are making themselves heard about the fiscal cliff, the impact of this is daunting for the economy, and for the marketsch i want to bring in kenneth volkari who is a great friend of ours and it is few hours before the markets open and we have a good indication of the futures and the bells ring at 9:30 eastern time, and at 9:20, the futures are accurate. i'm not sure how accurate 14 hours out, but we are indicating a positive open on the s&p 500 tomorrow, a nd can you explain that to me? >> well, is it slightly positive or what? >> well, slightly positive. >> well, first of all, there is a couple of things going on. i think that half of of asia is closed today, right. you had hong kong and china open and australia only half a day. so you will get a muted response, but don't for get that we have really got one more day of this, right. there is not going to be a deal tonight, because it is not dramatic enough, and they have to let it go another day, and the markets might get a little bit of a breather, but trust me, as tomorrow goes, and as trading get
trusted everywhere. >>> as americans are making themselves heard about the fiscal cliff, the impact of this is daunting for the economy, and for the marketsch i want to bring in kenneth volkari who is a great friend of ours and it is few hours before the markets open and we have a good indication of the futures and the bells ring at 9:30 eastern time, and at 9:20, the futures are accurate. i'm not sure how accurate 14 hours out, but we are indicating a positive open on the s&p 500...
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Dec 22, 2012
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benefits will end december 29th if congress does not contact on the fiscal cliff. and according to the national employment law project, another one million jobless americans will also exhaust their state benefits early next year. karen duckett is just one of the folks who will be affected. she survived breast cancer, yet doesn't know how she and her grandson will make ends meet once their benefits run out. the checks keep a roof over our head. i can't even imagine what we're going to do without that check. the cbo, the congressional budget office, says extending benefits another year will cost $30 billion, a small price tag when you consider other costs like extending tax cuts for millionaires. i'm joined tonight by john nichols, washington correspondent of "the nation" magazine. john, great to have you with us. you know, we focus on the deal, you know, who is going to get the tax break, where is the spending cuts, where are they going to come from. but in the backdrop of all of this, millions of americans have no security this christmas. they don't know whether th
benefits will end december 29th if congress does not contact on the fiscal cliff. and according to the national employment law project, another one million jobless americans will also exhaust their state benefits early next year. karen duckett is just one of the folks who will be affected. she survived breast cancer, yet doesn't know how she and her grandson will make ends meet once their benefits run out. the checks keep a roof over our head. i can't even imagine what we're going to do without...
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Nov 8, 2012
11/12
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cliff, telling the american public that 98% of the american people don't get any tax relief because they're holding out for a bonus tax break for the very wealthy. in fact what they're saying is that, unless people earning over $250,000 get an extra tax cut on the amount they earn over $250,000, then nobody else in the country gets tax relief. and this was essential argument in the campaign. mitt romney and paul ryan talked about the fact that this was a choice election and the american people made their choice on this issue and in fact the exit polls, as you know, show that a majority of the american people think we need to take this balanced approach to reducing the deficit because if we don't ask these higher income earners to contribute a little bit more reducing the deficit, everybody else gets whacked that much harder. we have less to invest in education for our kids, seniors on medicare have to pay more and the president has all along said we need to take a balanced approach. >> congressman, everybody's focused on the bush tax cuts. there's the alternative minute tax that wil
cliff, telling the american public that 98% of the american people don't get any tax relief because they're holding out for a bonus tax break for the very wealthy. in fact what they're saying is that, unless people earning over $250,000 get an extra tax cut on the amount they earn over $250,000, then nobody else in the country gets tax relief. and this was essential argument in the campaign. mitt romney and paul ryan talked about the fact that this was a choice election and the american people...
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Dec 30, 2012
12/12
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we'll look at what going over the fiscal cliff will actually mean to you. our special coverage continues in just a moment. ♪ [ male announcer ] every time you say no to a cigarette, you celebrate a little win. nicoderm cq, the patch with time release smart control technology that acts fast and helps control cravings all day long. ♪ quit one day at a time with nicoderm cq. >>> welcome back to msnbc's continuing coverage of the fiscal cliff deadline. i'm chris jansing. for millions of out of work americans, the cliff has come early. the final emergency unemployment compensation has been given out for the year. without an extension, those participating in the program won't get any more assistance. and nearly a million more will be unable to collect any federal unemployment benefits in the first quarter of 2013. no deal also means no extensions on tax credits for the working poor. families with children, people paying college tuition, medicare payout als will be reduced. joining me to explain the real world implications of the fiscal cliff, e.j. dion, msnbc
we'll look at what going over the fiscal cliff will actually mean to you. our special coverage continues in just a moment. ♪ [ male announcer ] every time you say no to a cigarette, you celebrate a little win. nicoderm cq, the patch with time release smart control technology that acts fast and helps control cravings all day long. ♪ quit one day at a time with nicoderm cq. >>> welcome back to msnbc's continuing coverage of the fiscal cliff deadline. i'm chris jansing. for millions...
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Dec 10, 2012
12/12
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WUSA
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if they can't reach an agreement to avoid the fiscal cliff, taxes for all americans will go up and across the board spending cuts will kick in on january 1. economists say that combination could plunge the country back into a recession. there are signs some republicans are now willing to compromise on taxes if they can secure cuts to social security, medicare and medicaid. >> the rate increase on the top 2% that the president is talking about and all of a sudden the shift goes back to entitlements. >> reporter: one proposal under discussion, raising the eligibility age for medicare is not going well for some democrats and advocates for senior citizens. >> the option to raise the medicare age is bad policy and will increase costs because people who are 65 and 66 still need health insurance. >> reporter: the aarp says the real solution to cutting the deficit is lowering skyrocketing health care costs. danielle nottingham, cbs news, washington. >>> the official fiscal cliff deadline is december 31. but many on capitol hill say that an agreement is needed before the end of this week so congre
if they can't reach an agreement to avoid the fiscal cliff, taxes for all americans will go up and across the board spending cuts will kick in on january 1. economists say that combination could plunge the country back into a recession. there are signs some republicans are now willing to compromise on taxes if they can secure cuts to social security, medicare and medicaid. >> the rate increase on the top 2% that the president is talking about and all of a sudden the shift goes back to...
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Dec 26, 2012
12/12
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economists warn it could get worse and the markets could be foiled if we go over the fiscal cliff. taxes will go up for the average american by about $2,000 and could put us back into a recession. >> which nobody wants to see. kristen welker in hawaii. the president is coming back, but they haven't gotten the 48 hour notice. they are very much out there in play. thank you very much for joining us. appreciate it. when the senate returns tomorrow morning, there will be a new emphasis on members taking a larger role in the fiscal cliff negotiations that based off the current offer may only have a smaller deal. a member of the budget committee and outspoken voice on the left side of the aisle. thanks for joining me. good morning. >> mire pleasure. >> we were saying a lack of urgency in washington to deal with the fiscal cliff and being a member of congress especially a respected member of the senate and what do you think is possible at this point on any type of a large scale deal. what do you see as the most likely scenario moving forward. >> i don't think it's a lack of urgency, but a
economists warn it could get worse and the markets could be foiled if we go over the fiscal cliff. taxes will go up for the average american by about $2,000 and could put us back into a recession. >> which nobody wants to see. kristen welker in hawaii. the president is coming back, but they haven't gotten the 48 hour notice. they are very much out there in play. thank you very much for joining us. appreciate it. when the senate returns tomorrow morning, there will be a new emphasis on...
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Dec 21, 2012
12/12
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second of all, i think it is a good idea to go off the fiscal cliff because then the american people will understand you want all this stuff from your government, all of this interstate highway system, free medicare, social security benefits, airports, high-speed rail, you have to pay for them. then we will see just how eager people are to have this big government. third of all, concerning the debt ceiling debate, i am looking at the constitution, article 1 section 8, line 2. the congress should have power to borrow money on the credit of the united states. congressman, you and i both know that the president does not have the right as per the constitution to raise the debt limit of the united states unilaterally. when it comes to this issue of global default, if that was the case states all over the country would have defaulted. what has happened was when they were not able to raise taxes or any more money, the secretary of the treasury for each of the state's has had to make a choice. do we end up defaulting on our loans to creditors or do we have to budget our income appropriately?
second of all, i think it is a good idea to go off the fiscal cliff because then the american people will understand you want all this stuff from your government, all of this interstate highway system, free medicare, social security benefits, airports, high-speed rail, you have to pay for them. then we will see just how eager people are to have this big government. third of all, concerning the debt ceiling debate, i am looking at the constitution, article 1 section 8, line 2. the congress...
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Dec 26, 2012
12/12
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. >>> there's still no deal to stop the looming fiscal cliff. but what happens to you if we go off the cliff? for the average american making between $50,000 and $75,000, you see a tax increase of $2,399. making between $100,000 and $200,000 a year, your tax increase is about $6,700. and on december 29th, 2 million americans will lose their unemployment benefits. i want to bring in jared bernstein, msnbc contributor and former chief economist and economic policy adviser to vice president joe biden. that's just some of the details as you so well know here but let's remind ourselves, though, of this word that we have been using. that was termed by mr. bernanke. he called it a cliff. but really -- >> right. >> it is like falling down stairs, isn't it? >> right. more so a staircase or a slope in the sense that some of the damage you just described actually takes a while to arrive and if congress is able to quickly reverse the cliff dive, it could be more and i have heard folks use this, more of a bungee yump to get back up to the cliff. >> at the en
. >>> there's still no deal to stop the looming fiscal cliff. but what happens to you if we go off the cliff? for the average american making between $50,000 and $75,000, you see a tax increase of $2,399. making between $100,000 and $200,000 a year, your tax increase is about $6,700. and on december 29th, 2 million americans will lose their unemployment benefits. i want to bring in jared bernstein, msnbc contributor and former chief economist and economic policy adviser to vice...
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Dec 31, 2012
12/12
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cliff negotiations. a lot of talk. very few solutions so far. >> our membership is as frustrated as the american people we're sworn to serve. >> none of the votes we'll be casting today have nothing to do with the deadlines we face in slightly more than 24 hours. we're here, we're ready. >> reporter: president obama sitting down for his first sunday morning talk show interview in over three years told nbc it's time for lawmakers to nail down a deal. >> we don't yet see an agreement, and now the pressure is on congress to produce. >> reporter: republicans and democrats going back and forth behind closed doors, working through the night, trying to avoid some of the most painful tax hikes and spending cuts in our nation's history. >> there's still significant distance between the two sides. but negotiations continue. >> reporter: a possible sign of progress came when vice president joe biden rushed back from delaware to the white house to work the phones and reach out to republican senator mitch mcconnell,
cliff negotiations. a lot of talk. very few solutions so far. >> our membership is as frustrated as the american people we're sworn to serve. >> none of the votes we'll be casting today have nothing to do with the deadlines we face in slightly more than 24 hours. we're here, we're ready. >> reporter: president obama sitting down for his first sunday morning talk show interview in over three years told nbc it's time for lawmakers to nail down a deal. >> we don't yet see...
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Dec 28, 2012
12/12
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she is following just like other americans what's going to happen with the fiscal cliff. >> reporter: representative elect swalwell says his new office in d.c. won't be much bigger, but the responsibilities monumental. his message? >> mom, i'm working for you. i'm receiving your text messages and i'm going to make sure that i stand up for you and the people who i grew up with. >> reporter: swalwell will be the second youngest member of congress when he's sworn in january 3rd. he leaves this sunday for washington d.c. to pick up his new keys to his office. in dublin juliette goodrich, cbs5. >> he better listen to mom. good luck. >>> a storm that left record snowfall in arkansas and some 200,000 customers without power is headed into eastern canada. it kept road workers very busy in the northeast after dumping snow across northern pennsylvania, upstate new york and new england overnight. at least 16 deaths are blamed on this storm that started here in california. >>> while it's nothing like that we've got some weather of our own blowing in with a storm arriving as we speak. a high surf
she is following just like other americans what's going to happen with the fiscal cliff. >> reporter: representative elect swalwell says his new office in d.c. won't be much bigger, but the responsibilities monumental. his message? >> mom, i'm working for you. i'm receiving your text messages and i'm going to make sure that i stand up for you and the people who i grew up with. >> reporter: swalwell will be the second youngest member of congress when he's sworn in january 3rd....
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Dec 28, 2012
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>> let him take the country over the fiscal cliff if he so chooses. they were elected to get the fiscal house in order. now is the time for republicans to stand up for your kids and grandchildren. maybe she the should say they're looking out for the future, future generations maybe now is the time to take a stabbed stand and say they're not going let washington continue with this out of control spending, debt, maybe now, at this moment, maybe that is the right thing to do. and joining me now with reaction to this developing story are two house republicans, congressman louie gomert. welcome back to "hannity". >> good to be with you. >> sean, i can -- . >> sean: go ahead. >> i can sympathize that he can not imagine our consciences in the house because you'd have to have one to aimagine ours. and he's shown repeatedly, over three years of no budget? come on. jm%lx >>> and first through on december 31. up, hairy reid saying it's time to cut spending not for now, but future generations who arere"Ñde one that's have to pay this off? >> it seems tozc)Ñ my
>> let him take the country over the fiscal cliff if he so chooses. they were elected to get the fiscal house in order. now is the time for republicans to stand up for your kids and grandchildren. maybe she the should say they're looking out for the future, future generations maybe now is the time to take a stabbed stand and say they're not going let washington continue with this out of control spending, debt, maybe now, at this moment, maybe that is the right thing to do. and joining me...
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Dec 27, 2012
12/12
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CNBC
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a lot of things being thrown at the american consumer, the tragedy in connecticut, sandy, fiscal cliff, everything. with that in mind where do you see consumer spending, consumer discretionary spending next year? >> i think in 2013 there's always a place that excels in consumer discretionary and it's based on product, price and where they can expand in terms of channel extension. in 2013 i think we'll see names like nordstrom where they are accelerating the rate of growth. i think we'll see urban outfitters continue their turnaround, perhaps in an accelerated pace in 2013, and i think you're going to continue to see, particularly in the first half of the year, the demand for products from michael kors do well. second half of the year is a different story and perhaps the turnaround of tiffany's to be the name for the second half. >> meantime, r.j., i think you would agree retail remembers scrambling right now because consumer confidence is plunging. three reports in a row that have been pretty dismal. >> yeah, i would agree. i think we're looking for a bit of a pullback in 2013, not onl
a lot of things being thrown at the american consumer, the tragedy in connecticut, sandy, fiscal cliff, everything. with that in mind where do you see consumer spending, consumer discretionary spending next year? >> i think in 2013 there's always a place that excels in consumer discretionary and it's based on product, price and where they can expand in terms of channel extension. in 2013 i think we'll see names like nordstrom where they are accelerating the rate of growth. i think we'll...
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Nov 29, 2012
11/12
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up 42 points on the dow. >> how are the wealthiest americans preparing for a possible fall off that fiscal cliff? we'll look at that next. >>> also, chevron ceo is warning a fall off that cliff would have major ramifications for his business. we'll hear from him exclusive later on "the closing bell." stay tuned. [ male announcer ] how do you trade? with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at scottrade, seven dollar trades are just the start. try our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'm with scottrade. or that printing in color had to cost a fortune. nobody said an all-in-one had to be bulky. or that you had to print from your desk. at least, nobody said it to us. introducing the business smart inkjet all-in-one series from brother. easy to use. it's the ultimate combination of speed, small size, and low-cost printing
up 42 points on the dow. >> how are the wealthiest americans preparing for a possible fall off that fiscal cliff? we'll look at that next. >>> also, chevron ceo is warning a fall off that cliff would have major ramifications for his business. we'll hear from him exclusive later on "the closing bell." stay tuned. [ male announcer ] how do you trade? with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade,...
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Nov 8, 2012
11/12
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CNNW
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are going to see massive tax increases if congress fails to strike a deal on the fiscal cliff. every american will feel the effects. what level of hope do you have that congress can come together and strike a deal? there's always talk we're going to work together and it never materializes. >> right. it is pretty high, actually. simpson-bowles is the way forward. they didn't raise tax rates they eliminated deductions. all but two. interest on your home with a cap and charitable deductions and and they had lower rates at 25% corporate rate. the top was around 30%. they took that trillion dollars from eliminating zee dukss and exemptions. they put some of it on the debt and buydown rates and did entitlement reform. that is what i think will wind up doing and we'll come together on the spending cuts. i'm optimistic after hearing john boehner today that revenue would be on the table in the form of simpson-bowles. i think that's the magic way forward. and the democrats have to do entitlement reform. >> but if you look at the polls, a lot of them support raising taxes on the wealthies
are going to see massive tax increases if congress fails to strike a deal on the fiscal cliff. every american will feel the effects. what level of hope do you have that congress can come together and strike a deal? there's always talk we're going to work together and it never materializes. >> right. it is pretty high, actually. simpson-bowles is the way forward. they didn't raise tax rates they eliminated deductions. all but two. interest on your home with a cap and charitable deductions...
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Dec 30, 2012
12/12
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from going over the fiscal cliff. with time running out, we've learned of a major setback between republican and democratic lawmakers. we want to bring in candy crowley in washington, anchor of "the state of the union." i know you had a busy morning, talking to eight lawmakers and they couldn't agree onning they, could they? >> they couldn't. we had one panel, two republicans, two democrats from both the house and the senate. and even to get them to talk about whether something was going to pass or not, produced a sort of policy dispute on who had offered spending cuts, who hadn't offered spending cuts. you know, who should pay more in their tax rate, et cetera, et cetera. so it was a pretty good indication of why they haven't been able to get a deal so far. i have to tell you this was prior to the latest setback as it's being called. there was some optimism. saying most people will keep their tax rates, they shouldn't worry about it. what there was a difference of opinion on, was weather that would happen before the
from going over the fiscal cliff. with time running out, we've learned of a major setback between republican and democratic lawmakers. we want to bring in candy crowley in washington, anchor of "the state of the union." i know you had a busy morning, talking to eight lawmakers and they couldn't agree onning they, could they? >> they couldn't. we had one panel, two republicans, two democrats from both the house and the senate. and even to get them to talk about whether something...
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Dec 30, 2012
12/12
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CNNW
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do more with the new samsung galaxy note ii. >>> the fiscal cliff is a battle of ideological will, some americans feel strongly that increasing taxes on anybody hurts the economy. it's quite possible that's true. the central question is whether it will hurt that much to raise incox taxes a little bit on the highest part of the highest earners in the country. to push the country to the edge of a recession over this is quite irresponsible. the increase in taxes will hardly affect the economy. but you know, that's my opinion. my opinion should count as much as anyone else's. the problem is in washington, one person's opinion carries disproportionate weight. that person is grover norquist, the head of americans for tax reform. a group that's got a pledge that most members of the republican congress signed saying they won't raise taxes under any circumstances. i spoke to norquist after friday and asked him about taxes and almost relimgous belief that tax increases, any tax increase is bad for the economy. >> we've seen that whenever you raise the capital gains tax. the top margins tax, tax i
do more with the new samsung galaxy note ii. >>> the fiscal cliff is a battle of ideological will, some americans feel strongly that increasing taxes on anybody hurts the economy. it's quite possible that's true. the central question is whether it will hurt that much to raise incox taxes a little bit on the highest part of the highest earners in the country. to push the country to the edge of a recession over this is quite irresponsible. the increase in taxes will hardly affect the...
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Dec 18, 2012
12/12
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cliff, the majority of americans would place the blame on republicans. so house speaker john boehner putting forward the proposal that would increase taxes on those making $1 million or more. harry reid already responding. he said speaker boehner's plan "b" is the farthest thing from a balanced approach. it will not protect middle class families because it cannot pass both houses of congress. it would be a shame if republicans abandoned productive negotiations due to pressure from the tea party as they have time and time again." there you have democrats taking issue with this idea of raising taxes on those making $1 million or more. thomas, this plan "b" does not mean that negotiations are not going forward. they still are, two competing plans on the table. let's look at president obama's latest offer. this is something that the white house put forth late last night. calls for increase on taxes for those making $400,000 or more. $1.2 trillion in new revenue. and entitlement savings phone social security benefits. that is something that many democrats do
cliff, the majority of americans would place the blame on republicans. so house speaker john boehner putting forward the proposal that would increase taxes on those making $1 million or more. harry reid already responding. he said speaker boehner's plan "b" is the farthest thing from a balanced approach. it will not protect middle class families because it cannot pass both houses of congress. it would be a shame if republicans abandoned productive negotiations due to pressure from the...